It is fine as long as the market is screaming up in value, but when demand drops, the numbers don't work.

Looks like yours is 1821sf and likely will appraise around $240k given the sold data. 

.- Pre approved for loan...expecting this property to be in 200k-300k range- Easy access to capital for down payment, yet trying to maximize the power of our dollars, hence our inquiry We are both well versed in valuing real estate and understanding the quantitative side of things.

I know the point of BRRR is to find properties at discount rates, but is a bad idea to start with a property high in value with some potential for appreciation?

Maybe 5 out of 100 sellers are actually motivated to sell right now so we might as well get through the data sooner rather than later.

This is accomplished by gathering, validating and analyzing data in the following 3 areas:FinancialPhysicalLocaleEach due diligence process is different based on the unique elements of the deal and features of the property.

I’d like to get some data on prices per sf, floor plans, lot selection criteria, etc but wanted to start somewhere better than just a Google search for builders. 

There are still areas that have huge potential for appreciation in value. 

(They are developing a "tech corridor" along Elliot Road that will have data centers for Google and Apple.)

Historic data can give you some indication, but only accounts for what happened in the past year.